Chesapeake Energy Q4 net income $569M; lowers 2024 capex 20% to $1.25-1.35B

EXPAND ENERGY Corp

2023-FY EPS reported $16.92 revenue$8,721,000,000

Q4 net income $569M ($4.02 diluted EPS); adjusted net income $185M ($1.31).
Full-year 2023 operating cash flow $2.4B; returned $840M to shareholders via dividends and buybacks.
2024 production guide 2.65-2.75 bcfe/d (down from 3.66 bcfe/d in 2023); dropping rigs and frac crews.
Closed Eagle Ford divestitures with total proceeds >$3.5B; Southwestern Energy merger targeted Q2 2024.
Signed first LNG SPAs with Delfin LNG and Gunvor for 0.5 mtpa at JKM-linked price starting 2028.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXPAND ENERGY Corp reported fourth quarter and full year 2023 results: net income Net income totaled $569 million, or $4.02 per fully diluted share; adjusted net income (1) totaled $185 million, or $1.3, EPS $4.02 per fully diluted share. Guidance lowered.

Period: fourth quarter and full year 2023
Net income: Net income totaled $569 million, or $4.02 per fully diluted share; adjusted net income (1) totaled $185 million, or $1.3
EPS: $4.02 per fully diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Chesapeake Energy Corporation (NASDAQ:CHK) today reported fourth quarter and full-year 2023 results and issued 2024 guidance.

View on SEC.gov

Browse all earnings releases →

EXPAND ENERGY Corp filing history →

Source: SEC EDGAR

accession 0000895126-24-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.